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but you also have the president is up against republicans, he trying to work on the debt ceiling. you have the whole issue of whether or not the debt ceiling is going to be raised, whether or not that is going to be held hostage to actually paying the bills the government has to pay. you also talk about immigration reform. where does this fit in in terms of the president's priorities, do you think? >> well, from where i sat today, obviously it seems to be a very high priority for the president of the united states. i'll let the white house and the administration answer how they're going to deal with congress. that's their task, not mine. but i'm confident that the president, the vice president and the entire administration is going to do everything they can to get the package they proposed today through congress. and, you know, when you heard the president say, i think it's essential, american citizens, the american people have to demand this. we have to act. when you have 1,000 people nearly killed in last 30 days at the hands of gun, when you have mass tragedies like happened in
but you also have the president is up against republicans, he trying to work on the debt ceiling. you have the whole issue of whether or not the debt ceiling is going to be raised, whether or not that is going to be held hostage to actually paying the bills the government has to pay. you also talk about immigration reform. where does this fit in in terms of the president's priorities, do you think? >> well, from where i sat today, obviously it seems to be a very high priority for the...
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Jan 15, 2013
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they don't want to have the debt ceiling be the problem. they think that would be very bad for the economy and for everyone in the economy. they worry about interest rates going up and they worry about the impact on our deficit. because when interest rates go up, that means the deficit will go up. so we make the problem worse by taking this route if we go down this pathway. >> i want to throw three terms at you that we've had to stomach out in america. debate over the fiscal cliff, the debate over the debt ceiling and the budget show dunn. all three of these very serious. but which is the most serious. >> the debt ceiling could do damage to our countries for decades to come if we hit it and don't expect the problem. this is the most dangerous thing. this is almost a nuclear option. this is really playing with very dangerous things. and one little mistake could be devastating to our country. >> and yet you still come on day after day and smile with me. thank you. always good to see you. >>> by the way, i just want to remind you if you're doi
they don't want to have the debt ceiling be the problem. they think that would be very bad for the economy and for everyone in the economy. they worry about interest rates going up and they worry about the impact on our deficit. because when interest rates go up, that means the deficit will go up. so we make the problem worse by taking this route if we go down this pathway. >> i want to throw three terms at you that we've had to stomach out in america. debate over the fiscal cliff, the...
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the problem is not the debt ceiling. the debt ceiling is the symptom. the disease is the lack of a budget. and they're fighting over this thing that could send some very bad signals to the world. china overnight, foreign ministry making comments about how they hope the united states will raise the debt ceiling after all. you talk about our foreign bankers, chinese, japanese and, you know, lots of amenities in the caribbean islands. we are our biggest banker. social security trust fund is invested in treasury bonds. if we don't pay the interest on our treasury bonds or do just only pay the interest on the treasury bonds but start to default on other obligations, like obligations to seniors it sends a very destabilizing signal to the rest of the world. >> it it's not like we haven't grappled with this before. just the debate over that caused thoo's things to happen. we'll review this. in 2011 during the last debt ceiling fight, consumer confidence tumbled. s&p lost nearly 20%. small businesses cut back on hiring and our credit rating got cut for the first
the problem is not the debt ceiling. the debt ceiling is the symptom. the disease is the lack of a budget. and they're fighting over this thing that could send some very bad signals to the world. china overnight, foreign ministry making comments about how they hope the united states will raise the debt ceiling after all. you talk about our foreign bankers, chinese, japanese and, you know, lots of amenities in the caribbean islands. we are our biggest banker. social security trust fund is...
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Oct 10, 2013
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does default on its debt, doesn't raise the debt ceiling. it looks like he's going to have a tough sell, especially with republicans on the panel. let's play a clip. i believe we have treasury secretary lew speaking with republican senator from wyoming, mike enzi. let's listen. >> mr. secretary, i think this is the 11th time i've been through this discussion about the sky is falling and the earth will erupt. wyoming families aren't buying these arguments. they're saying, you can't spend more than you take in. and you can't -- definitely can't keep doing it forever and ever and ever. >> senator, those wyoming families know that after they've run up their credit card, they don't get to ignore t they have to pay the bill. the debt limit is just paying our bills. >> and those bills secretary lew was talking about are bills that will come due between october 17th and november 1st, bills that would pay military troops, active duty troops, medicare, medicaid payments, not just bills or payments to bond holders. a whole lot of people would be in tro
does default on its debt, doesn't raise the debt ceiling. it looks like he's going to have a tough sell, especially with republicans on the panel. let's play a clip. i believe we have treasury secretary lew speaking with republican senator from wyoming, mike enzi. let's listen. >> mr. secretary, i think this is the 11th time i've been through this discussion about the sky is falling and the earth will erupt. wyoming families aren't buying these arguments. they're saying, you can't spend...
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i think that will continue into the fight over the debt ceiling. the thing that the whi house doesn't like is they feel like a lot of this stuff is so unnecessary. this isn't something that ultimately. he can put that he extended a tax cut for the middle class, and that should be considered an achievement for him, but dealing with the debt ceiling, these aren't huge sweeping achievements he can say, look, i did something amazing. if it's something like entitlement reform, tax reform, that might be an achievement, but patching these things that have become almost catastrophic things that could happen is, in their estimation, sort of a waste of time. >> yeah, congratulations, we just didn't fail bigger. it's frustrating to have this conversation. that you you very much for that. not only does congress have to deal with the debt ceiling next month. they also have to deal with the sequester, remember that series of cuts in federal spending that will reduce most budgets about 8% to 10%. last night's deal basically kicked automatic that down the road. an
i think that will continue into the fight over the debt ceiling. the thing that the whi house doesn't like is they feel like a lot of this stuff is so unnecessary. this isn't something that ultimately. he can put that he extended a tax cut for the middle class, and that should be considered an achievement for him, but dealing with the debt ceiling, these aren't huge sweeping achievements he can say, look, i did something amazing. if it's something like entitlement reform, tax reform, that might...
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Jan 14, 2013
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debt ceiling. this time around, the president is telling house republicans they can do it his way or own the blame. here he was. >> and republicans in congress have two choices here. they can act responsibly and pay america's bills, or they can act irresponsibly and put america through another economic crisis. but they will not collect a ransom in exchange for not crashing the american economy. >> also, need to tell you the president did speak about his gun violence effort. he's had the package put together by the vice president is on his desk today. and he will talk about it a little later on this week. want to bring in two people here, ali velshi with me from new york, and gloria borger there in our nation's capital, to you both welcome. ali, it has been more than a year since that whole previous debt limit debacle. and i know you are saying, especially comparing this to what we just saw on new year's day with the fiscal cliff, this is going to be much, much worse, much bigger deal. talk to me ab
debt ceiling. this time around, the president is telling house republicans they can do it his way or own the blame. here he was. >> and republicans in congress have two choices here. they can act responsibly and pay america's bills, or they can act irresponsibly and put america through another economic crisis. but they will not collect a ransom in exchange for not crashing the american economy. >> also, need to tell you the president did speak about his gun violence effort. he's had...
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Jan 15, 2013
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. >>> to washington now where yet another battle is brewing, this time it's over the debt ceiling and from the white house to capitol hill democrats and republicans are sparring over the best way to ensure the nation pays its bills and now they're taking the fight to you as both sides try to sell their point of view. president obama warning about what could happen if that debt limit is not raised. >> if congressional republicans refuse to pay america's bills on time, social security checks, and veterans benefits will be delayed. we might not be able to pay our troops or contracts with small business owners. investors around the world will ask if the united states of america a safe bet. >> the republican house speaker john boehner responding immediately to the president's remarks issuing a statement that read "the american people do not support raising the debt ceiling without reducing government spending at the same time. the consequences of failing to increase the debt ceiling are real, but so, too, are the consequences of allowing our spending problem to go unresolved." joining us i
. >>> to washington now where yet another battle is brewing, this time it's over the debt ceiling and from the white house to capitol hill democrats and republicans are sparring over the best way to ensure the nation pays its bills and now they're taking the fight to you as both sides try to sell their point of view. president obama warning about what could happen if that debt limit is not raised. >> if congressional republicans refuse to pay america's bills on time, social...
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it is a plan to address the debt ceiling. we have a debt crisis in this nation, i don't think many people have differed with that notion, and we do have a plan to reduce wasteful government spending, which also spurs economic growth. so our plan reduces energy costs for families and businesses, it calls for the reform of our tax code, it reforms washington spending and it delays obama care for one year for all american families. now, president obama has already delayed the law for big business, for insurance companies and the politically connected, so this is only fair for us to say that american families should also have the benefit of delay that this president has given to those. now, for too long, president obama and his democratic colleagues in the senate have chosen to ignore our looming debt crisis, and president obama's plan has been and is still more debt and no reform, and the american people have resoundingly rejected this idea. we have a recent poll out this morning, the bloomberg poll, which says that the american
it is a plan to address the debt ceiling. we have a debt crisis in this nation, i don't think many people have differed with that notion, and we do have a plan to reduce wasteful government spending, which also spurs economic growth. so our plan reduces energy costs for families and businesses, it calls for the reform of our tax code, it reforms washington spending and it delays obama care for one year for all american families. now, president obama has already delayed the law for big business,...
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Jan 3, 2013
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i think this debt ceiling, to answer your question, suzanne, that debt ceiling is a huge, huge battle even though the president says he's not part of the battle or negotiate the raising of the debt ceiling. congress has to do it. i suspect a bitter fight the at the end of the february. it will go on. the republicans say they'll raise the debt ceiling, but they want to make sure that whatever they raise it by, let's say a trillion dollars, there's a similar cut in spending so it doesn't increase the nation's debt. get ready for a bruising battle on that front. >> gloria, do we think the president can accomplish when he's looking at his legacy some of the things that have been very dear to him when you look at the 113th congress. that there will be less of this partisanship, that elbe able to break through? it was one of the pledges in the first go-around he was going to change washington. it has not been something he's able to accomplish with the former congress. >> no, it isn't. i think looking at the fight we just had and the fight wolf is talking about, i think it's hard to be optim
i think this debt ceiling, to answer your question, suzanne, that debt ceiling is a huge, huge battle even though the president says he's not part of the battle or negotiate the raising of the debt ceiling. congress has to do it. i suspect a bitter fight the at the end of the february. it will go on. the republicans say they'll raise the debt ceiling, but they want to make sure that whatever they raise it by, let's say a trillion dollars, there's a similar cut in spending so it doesn't increase...
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we expect him to talk about the debt ceiling. we're going to bring his comments to you live. >>> it's been one month since the tragic shooting at sandy hook elementary school. politicians at the state and federal level are scrambling to find ways to end gun violence in america. and one of them maryland governor martin o'malley outlined plans for what he says would be the toughest gun laws in the country. >> this would be a comprehensive legislative package to prevent gun violence and it addresses not only the guns but mental health and school safety. briefly, it will ban military assault weapons that have no place on the streets of baltimore or no other neighborhood in our state and it will limit the size of magazines in order to make it harder for criminals to gun down in succession police officers or school children. >> that might work for a state like maryland, a very blue state, but maybe not so much at a federal level. david keane, the president of the national rifle association, says, yeah, it will be a whole different stor
we expect him to talk about the debt ceiling. we're going to bring his comments to you live. >>> it's been one month since the tragic shooting at sandy hook elementary school. politicians at the state and federal level are scrambling to find ways to end gun violence in america. and one of them maryland governor martin o'malley outlined plans for what he says would be the toughest gun laws in the country. >> this would be a comprehensive legislative package to prevent gun violence...
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the debt ceiling is supposed to expire in february. maybe they can do some fanagelling and keep it going. paul ryan, the chairman of the budget committee says the republicans will want some concessions of the president of the united states and democrats in order to go ahead and raise that debt ceiling once again. the president says these are debts that have already been accumulated by the united states, appropriated by congress, signed into law by the president. the u.s. simply can't go ahead unilaterally decide they are not going to repay some of these debts. so there is going to be a fight. there's going to be a fight in the next few weeks over raising the debt ceiling and despite the goodwill we've seen in the budget agreement, there could be another battle over the next few weeks. >> all right. wolf blitzer, many thanks to you for your insight. appreciate it. >> thank you. >>> still to come, the barricades came down and the diplomatic barriers went up. how one arrest is straining the long-time bond between the u.s. and india. farme
the debt ceiling is supposed to expire in february. maybe they can do some fanagelling and keep it going. paul ryan, the chairman of the budget committee says the republicans will want some concessions of the president of the united states and democrats in order to go ahead and raise that debt ceiling once again. the president says these are debts that have already been accumulated by the united states, appropriated by congress, signed into law by the president. the u.s. simply can't go ahead...
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the deal still has not addressed the debt ceiling fight. cnn has reached out to tea party express chairman amy kremer regarding her message on that but we have not yet heard back. >>> fired for refusing flu shots. listen to this, the controversial call by an indiana hospital that has a lot of people angry. new prilosec otc wildberry is the same frequent heartburn treatment as prilosec otc. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? because this is america. and we don't just make things you want, we make things you didn't even know you wanted. like a spoon fork. spray cheese. and jeans made out of sweatpants. so grab yourself some new prilosec otc wildberry. [ male announcer ] one pill each morning. 24 hours. zero heartburn. satisfaction guaranteed or your money back. >>> consider this, should you be fired for not getting a flu shot? several health care workers in indiana are out of a job after saying no to the flu shots. the parent company of goshen hospital outside of south
the deal still has not addressed the debt ceiling fight. cnn has reached out to tea party express chairman amy kremer regarding her message on that but we have not yet heard back. >>> fired for refusing flu shots. listen to this, the controversial call by an indiana hospital that has a lot of people angry. new prilosec otc wildberry is the same frequent heartburn treatment as prilosec otc. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored...
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Oct 12, 2013
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was only for a six week extension of the debt ceiling. that would have taken us to before thanksgiving. president obama just in his weekly radio address this weekend saying he doesn't want that. >> and it wouldn't be wise as some suggest to just kick the debt ceiling can down the road for a couple of months and flirt with the first ever intentional default, right in the middle of the holiday shopping season because damage to america's sterling credit rating wouldn't just cause global markets to go haywire, it would be more expensive for everyone in america to borrow money. students paying for college, newlyweds buying a home. it would amount to a new tax. a republican default tax on every family and business in america. >> reporter: so this proposal extends the debt ceiling into january 2014, just ahead of us, migel. and even that, the white house would like to see something wlonger. that's part of the thing where they sort of like it because it goes beyond the holiday season, but they want it even longer than that. that would be the pref
was only for a six week extension of the debt ceiling. that would have taken us to before thanksgiving. president obama just in his weekly radio address this weekend saying he doesn't want that. >> and it wouldn't be wise as some suggest to just kick the debt ceiling can down the road for a couple of months and flirt with the first ever intentional default, right in the middle of the holiday shopping season because damage to america's sterling credit rating wouldn't just cause global...
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problem and settle the debt issue, settle the continuing issue, settle the debt ceiling and settle the sequester issue all at ones. the best proposal and best pathway. >> seems impossible to achieve. >> i don't think so. i think as you see the smoke start to clear on this. it's obvious that the continuing issue this shutdown is going to roll into the debt ceiling issue, so you're going to have them both on top of each other soon, by october 17th. they're going to both have to be addressed. the only way you can address them both is take up the issue of how you deal with the sequester because that's the forcing mechanism for getting spending reductions. i think there's a chance to do something and if the parties would sit down and talk, then we could probably get something done. >> let me ask you about the partisanship, because you left the senate in 2011, and that heavyduty partisan seemed to start while you were still in office. i suspect that was not all that comfortable for you. is that fair? >> well, i've always thought that the purpose of government is to govern, and in a constitut
problem and settle the debt issue, settle the continuing issue, settle the debt ceiling and settle the sequester issue all at ones. the best proposal and best pathway. >> seems impossible to achieve. >> i don't think so. i think as you see the smoke start to clear on this. it's obvious that the continuing issue this shutdown is going to roll into the debt ceiling issue, so you're going to have them both on top of each other soon, by october 17th. they're going to both have to be...
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there are real issues -- >> we haven't gotten to the debt ceiling. that's october 17th. that's not even here yet. we haven't gotten to the debt ceiling. >> president reagan said it would be reckless and irresponsible for a political group to try to interfere with us paying the debt we'll see how this philosophy will fare. >> he didn't think it was the right thing to do with that much debt. that was half as much debt as we have today. >> thank you. >> thank you, don. >> i'm only voicing the frustration of the american people here. we appreciate you coming on to cnn. >>> the gulf coast bracing for tropical storm karen right now. the storm now spinning in one spot as if it's deciding where it wants to strike. we'll go live to the gulf coast and that's next. [ female announcer ] we lowered her fever. you raise her spirits. we tackled your shoulder pain. you make him rookie of the year. we took care of your cold symptoms. you take him on an adventure. tylenol® has been the number 1 doctor recommended brand of pain reliever for over 20 years. but for everything we do, we know
there are real issues -- >> we haven't gotten to the debt ceiling. that's october 17th. that's not even here yet. we haven't gotten to the debt ceiling. >> president reagan said it would be reckless and irresponsible for a political group to try to interfere with us paying the debt we'll see how this philosophy will fare. >> he didn't think it was the right thing to do with that much debt. that was half as much debt as we have today. >> thank you. >> thank you,...
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. >> he said after that the debt ceiling has been the best ref raj that obama has. if congress cannot raise the debt ceiling and the state defaults on his detective we can see problems worse than we saw with the economy in 2008. there's a lot of concern in washington about that strategy, don. >> all right. erin, appreciate that. >>> look at this. one of the most popular racers, dario franchitti separated from ashley should, was involved in this. spectators were treated and released. we'll get information as soon as we get it. >>> back from today's top story. one of the most wanted is back in custody. is he a big fish? a cia operative weighing in next. but with a mortgage. and the furniture's a lot nicer. and suddenly, the most important person in my life is someone i haven't even met yet. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. as you plan your next step, we'll help you get there. >>> as i all righted a few minutez s agozzzzzzz azzzzz azzzzzzzzzzz u.s.zzzzzzzzzzzzzz governmentzzzzzzz
. >> he said after that the debt ceiling has been the best ref raj that obama has. if congress cannot raise the debt ceiling and the state defaults on his detective we can see problems worse than we saw with the economy in 2008. there's a lot of concern in washington about that strategy, don. >> all right. erin, appreciate that. >>> look at this. one of the most popular racers, dario franchitti separated from ashley should, was involved in this. spectators were treated and...
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the debt ceiling, rather. there's much more drama to come. dan lothian is board air force one on his way to hawaii with the president. dan, i want it to start off with you. ten hours, back in hawaii. is there a sense this is vacation? does the president feel relieved, or is this just a matter of getting ready for the next battle? >> reporter: well, i think it's all of the above. certainly there is relief. the president feels relief. the white house feels relief, and perhaps to blow off steam the president is the at a gym working out. but in addition to that relief, they also feel some frustration. the white house saying athat it didn't have to come to this. they're pointing the figure at republicans saying that their responsible for this kind of gridlock in washington. they realize that the american people are frustrated by inaction in washington. so they're pointing the finger at republicans. republicans are pointing the finger at the white house saying they're also to blame. there's also this question being asked how will the president be a
the debt ceiling, rather. there's much more drama to come. dan lothian is board air force one on his way to hawaii with the president. dan, i want it to start off with you. ten hours, back in hawaii. is there a sense this is vacation? does the president feel relieved, or is this just a matter of getting ready for the next battle? >> reporter: well, i think it's all of the above. certainly there is relief. the president feels relief. the white house feels relief, and perhaps to blow off...
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do a clean debt ceiling. it's too dangerous not to. >> what you're seeing is investors react early today, carol. they are hitting the sell button even before the opening bell rings so fasten your seat belts and get ready. >> we'll check back with you at 9:30 eastern time. alison kosik thanks so much. >>> it is a big, big win, 15 years on the run, a $5 million bounty on his head and this morning one of the world's most wanted terrorists is in u.s. custody. his name is abu anas al libi. u.s. forces captured him in libya, a suspected al qaeda operative accused of taking part in the 1998 bombings in tanzania and kenya. 221 people died. he's being held on a u.s. navy ship and will be interrogated before being sent to new york city for his alleged crimes. senior international correspondent nic robertson has more for you now. good morning, nic. >> reporter: good morning, carol. by the account of his wife, who witnessed his takedown, it was a clean sweep, a fast sweep. he was on his way back from morning prayers satu
do a clean debt ceiling. it's too dangerous not to. >> what you're seeing is investors react early today, carol. they are hitting the sell button even before the opening bell rings so fasten your seat belts and get ready. >> we'll check back with you at 9:30 eastern time. alison kosik thanks so much. >>> it is a big, big win, 15 years on the run, a $5 million bounty on his head and this morning one of the world's most wanted terrorists is in u.s. custody. his name is abu...
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we're not talking about the pending government shutdown, but then the debt ceiling. if, indeed, the house and senate were to come up with a plan and government is not impacted, it will continue to work, it's the debt ceiling that's right around the corner that's still a concern? >> right. we get out of the one problem and get right into another one. >> mm. are you optimistic? >> well, everybody seems to be saying to me, you know, this is the kabuki theater, we get down to the brink. i remember from my high school days, that's when bad things happen. when you're too complacent, that's when they think the things come around the corner to bite you. >> let's hope for the sake of the economy -- >> me, too. >> -- and for everything at stake, that things will straighten up. >> it's all about the morale. >> yes, okay. thank you so much, good to see you. >> thank you. >> appreciate it. >>> a terrifying attack and hostage crisis unfolding right now at a mall, a shopping mall, in nairobi, kenya. at least 20 people killed. we'll have the latest. >>> chicago's violence is experie
we're not talking about the pending government shutdown, but then the debt ceiling. if, indeed, the house and senate were to come up with a plan and government is not impacted, it will continue to work, it's the debt ceiling that's right around the corner that's still a concern? >> right. we get out of the one problem and get right into another one. >> mm. are you optimistic? >> well, everybody seems to be saying to me, you know, this is the kabuki theater, we get down to the...
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house speaker john boehner made a key admission about the debt ceiling, a republican who spoke to cnn after a private meeting with house gop member said boehner informed them he will not allow a default to happen, even if it means relying on votes from democrats. >> i'm all wired up here. >> reporter: in a city that lives for an open mike moment to pull back the curtain. >> i just did cnn and just go over and over again we're willing to compromise, we're willing to negotiate. >> reporter: rand paul delivered. >> i don't think they've poll tested we won't negotiate. i think it's awful for them to say that over and over again. >> i do, too, and i just came back from the two-hour meeting with them and that was, that was basically the same view privately as it was publicly. >> if we keep saying we wanted to defund it, we fought for that but now we're willing to compromise on this, i think they can't -- we, i think, i know we don't want to be here, but we're gonna win this i think. >> reporter: at a campaign stop in maryland, president obama pulled an ace out of his sleeve sounding an alar
house speaker john boehner made a key admission about the debt ceiling, a republican who spoke to cnn after a private meeting with house gop member said boehner informed them he will not allow a default to happen, even if it means relying on votes from democrats. >> i'm all wired up here. >> reporter: in a city that lives for an open mike moment to pull back the curtain. >> i just did cnn and just go over and over again we're willing to compromise, we're willing to negotiate....
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we will have to start talking about the debt ceiling that is another issue. thank you. in connecticut, sandy hook elementary students return to class today for the first time since the tragic chuting in newtown. a short time from now, they will be getting out of class. we will hear from parents coming up next. stop! stop! stop! come back here! humans -- we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back with great ideas like our optional better car replacement. if your car is totaled, we give you the money to buy one a model year newer. call... and ask one of our insurance experts about it today. hello?! we believe our customers do their best out there in the world, and we do everything we can to be there for them when they need us. [car alarm blaring] call now and also ask about our 24/7 support and service. call... and lock in your rate for 12 months today. liberty mutual insurance. responsibility. what's your policy? >>> the children of sandy hook elementary in newtown, connecticut are wrapping up th
we will have to start talking about the debt ceiling that is another issue. thank you. in connecticut, sandy hook elementary students return to class today for the first time since the tragic chuting in newtown. a short time from now, they will be getting out of class. we will hear from parents coming up next. stop! stop! stop! come back here! humans -- we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back with great ideas like...
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because this debt ceiling deal is temporary. so guess what? we're going to be right back here again in about three months. the same recession warnings. the same downgrade warning. the same risk to social security checks. the same stuff we've been watching happen on capitol hill, we're going to see it happen again. china is even chiming in. they're one of our biggest foreign debt holders. a chinese ratings agency is already saying even with the band-aids in place the government is still approaching the verge of a default crisis. want a silver lining? the dow gained about 600 points over the past six sessions. look at the s&p 500. it's up 20% this year. usually it's up only 8%. if you've got a 401(k), it's probably not looking too bad right now, carol. >> that is good news. alison kosik reporting live from the new york tostock exchange. >>> a bitter and divisive battle that cast a cloud over congress. not the partial shutdown. the growing rift in the republican party put on display by the shutdown. that's pitting establishment members against th
because this debt ceiling deal is temporary. so guess what? we're going to be right back here again in about three months. the same recession warnings. the same downgrade warning. the same risk to social security checks. the same stuff we've been watching happen on capitol hill, we're going to see it happen again. china is even chiming in. they're one of our biggest foreign debt holders. a chinese ratings agency is already saying even with the band-aids in place the government is still...
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Jan 10, 2013
01/13
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we have on march 1 a debt ceiling debate looming. getting somebody that's already in the game i think was something the president thought about in picking him. >> yeah, the president wanted jack lew. he's going to get jack lew. presumably there will be a fight, a few republicans who will ask him very tough questions and probably in the end vote against his confirmation. but i suspect barring some major expose or something that we don't know he's been confirmed several times in the past. here he comes, the president will be introduced. >> geithner and mr. jacob lew. >> good afternoon, everybody, please have a seat. a little more than four years ago, i stood with mr. tim geithner and announced him as my first nominee to my cabinet. we were barely two months into the financial crisis, the stock market had cratered, the housing market had cratered, as well. bank after bank of on the verge of collapse. and worst of all, more than 800,000 americans would lose their jobs in just that month. and the bottom was not yet in sight. so i couldn't
we have on march 1 a debt ceiling debate looming. getting somebody that's already in the game i think was something the president thought about in picking him. >> yeah, the president wanted jack lew. he's going to get jack lew. presumably there will be a fight, a few republicans who will ask him very tough questions and probably in the end vote against his confirmation. but i suspect barring some major expose or something that we don't know he's been confirmed several times in the past....
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May 3, 2013
05/13
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they will have to start talking about the next debt ceiling and some entitlement reform. there is some good news in today's job report. maybe there's some possibility that we'll see some progress this summer as the two sides start to tang goe again. >> christine, i want you to button it up before we go to a break. put this in perspective and tell us what this all means. what does it all mean? >> it means the economy is slowly healing from the worst financial crisis any of us will ever experience. it means companies are having to hire people. it's nowhere what we would like to see. my last piece of advice, i guess, is your jobless rate is either 100% or 0%. all of these numbers for a lot of people out there mean nothing unless you have a job. listen, for a long time we've been saying the jobless rate has been falling because people have been dropping out of the labor market. last month, people didn't drop out of the market. >> christine romans, alison kosik, jessica yellin, and steven moore, thanks to all of you. >>> when we come back in the "newsroom," we're going to talk
they will have to start talking about the next debt ceiling and some entitlement reform. there is some good news in today's job report. maybe there's some possibility that we'll see some progress this summer as the two sides start to tang goe again. >> christine, i want you to button it up before we go to a break. put this in perspective and tell us what this all means. what does it all mean? >> it means the economy is slowly healing from the worst financial crisis any of us will...
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Jan 19, 2013
01/13
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there's an upcoming one with the debt ceiling. ep has to acknowledge this not so pretty reality in the washington as he gives a speech that's supposed to be inspirational. >> the reality is the same congress he was working with on friday will be the same congress he's working with come tuesday despite the speech. we'll watch closely to see more details coming up. thank you so much. we'll watch more of this ahead. >> we always know security is tight in washington, but for the inauguration, it is as tight as it can possibly get, like the motherload of security here. joe johns is here with us to talk about the whole situation. what are we seeing? >> well, john, first of all, there are probably going to be something like 12,000 security people that we know of in and around the national mall for all of the events. so let's break that down a little bit. there are about 4,000 d.c. police officers all of whom will be available for security, different shifts probably working between 12 and 1 hours on sunday and on monday. we have something
there's an upcoming one with the debt ceiling. ep has to acknowledge this not so pretty reality in the washington as he gives a speech that's supposed to be inspirational. >> the reality is the same congress he was working with on friday will be the same congress he's working with come tuesday despite the speech. we'll watch closely to see more details coming up. thank you so much. we'll watch more of this ahead. >> we always know security is tight in washington, but for the...
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Jan 15, 2013
01/13
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first, raise the debt ceiling, allowing america to pay for its bills that it already racked up. then come up with a longer term plan that could put us back in fiscal good health. america's ability to meet its obligations should not be held hostage to an agreement on spending cuts. >>> retail sales went up by half a percentage in december. cars saw the biggest gain, jumping 1.8% at dealerships. other stores that see sales go up during the holiday season, like clothing and electronics, barely saw gains. while sales are expected to increase in 2013, it is slow going for now. for one thing, americans are getting a little less in their paycheck, now that the payroll tax holiday has ended. and a little less money means a little less shopping for now. >>> dude, did you hear about dell? shares of the computermaker jumped 15% in the last two days after a bloomberg report said that it is in buyout talks with a couple of private equity firms. the company founded in ceo michael dell's dorm room in texas in the '80s has been struggling lately as pc sales drop off. going private would allow d
first, raise the debt ceiling, allowing america to pay for its bills that it already racked up. then come up with a longer term plan that could put us back in fiscal good health. america's ability to meet its obligations should not be held hostage to an agreement on spending cuts. >>> retail sales went up by half a percentage in december. cars saw the biggest gain, jumping 1.8% at dealerships. other stores that see sales go up during the holiday season, like clothing and electronics,...
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Jan 1, 2013
01/13
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-- for another two months because there will now be a debt ceiling battle in two months and they're very upset that they will lose leverage and have to negotiate with republicans again. from the white house's point of view and other moderate democrats point of view, there is no choice, this is what one does in a negotiation. they have to compromise. >> and so when we look at all of this, and how this plays out, i think david brooks coined the term trench warfare when it comes now to the kinds of negotiations we're going to be seeing up there on capitol hill. >> yes. >> is that the sense you're getting it not going to get easier to do a deal after this? >> reporter: gosh, i feel like we have been in the trenches and now we're down to the muck. and we're barely seeing the light. we have been there for more than two years now. so, yes, i point out that one of the most important elements of this for the white house was obviously raising income tax rates for the highest income earners. the president campaigned on that. it was an absolute must. he got that. the other piece of this was som
-- for another two months because there will now be a debt ceiling battle in two months and they're very upset that they will lose leverage and have to negotiate with republicans again. from the white house's point of view and other moderate democrats point of view, there is no choice, this is what one does in a negotiation. they have to compromise. >> and so when we look at all of this, and how this plays out, i think david brooks coined the term trench warfare when it comes now to the...
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Oct 17, 2013
10/13
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the debt ceiling has been raised. but did you know that this was in the bill? $2 billion going to the state of kentucky. yep, that's senator mitch mcconnell's home state. he, as you know, helped broker the deal with his democratic counterpart in the senate, harry reid, but some people are outraged by that. jake tapper, anchor of "the lead," is coming up next, and he'll tell us what that $2 billion will be used for. and the strong reaction today from senator mitch mcconnell. people don't have to think about where their electricity comes from. they flip the switch-- and the light comes on. it's our job to make sure that it does. using natural gas this power plant can produce enough energy for about 600,000 homes. generating electricity that's cleaner and reliable, with fewer emissions-- it matters. ♪ >>> a doctor accused of killing his beauty queen wife of nearly 30 years went on trial today in utah. live pictures here inside this courtroom. here's the story. dr. martin macneill is charged with murder and obstruction of justice in his wife's death six years ago
the debt ceiling has been raised. but did you know that this was in the bill? $2 billion going to the state of kentucky. yep, that's senator mitch mcconnell's home state. he, as you know, helped broker the deal with his democratic counterpart in the senate, harry reid, but some people are outraged by that. jake tapper, anchor of "the lead," is coming up next, and he'll tell us what that $2 billion will be used for. and the strong reaction today from senator mitch mcconnell. people...
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Jan 5, 2013
01/13
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the debt ceiling is the legal limit on the nation's borrowing. in his weekly address, the president says that he is taking a hard line on the issue. listen. >> one thing i will not compromise over is whether or not congress should pay the tab for a bill they've already racked up. if they refuse to give the united states the ability to pay their bills on time, the consequences for the entire global economy could be catastrophic. the last time congress threatened this action, our entire economy suffered for it. our families and our businesses cannot afford that dangerous game again. >> as you would expect, republicans are also drawing a line despite approving the fiscal cliff compromise it, gop lawmakers say the deal was missing long-term spending cuts. >> the simple truth is that we are in this fiscal mess because washington takes too much of your money and then wastes it. that's the real problem. and it needs a real solution. we have to make sure washington is accountable for every tax dollar it spends. we have to make sure that your money is spe
the debt ceiling is the legal limit on the nation's borrowing. in his weekly address, the president says that he is taking a hard line on the issue. listen. >> one thing i will not compromise over is whether or not congress should pay the tab for a bill they've already racked up. if they refuse to give the united states the ability to pay their bills on time, the consequences for the entire global economy could be catastrophic. the last time congress threatened this action, our entire...
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Jan 28, 2013
01/13
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he said why the gop controlled house decided to buy time on the debt ceiling debate. >> they haven't put out a plan. the reason why we wanted to get the debt limit extended is so we can showcase our budgets. here's our plan for economic rule. here's our plan for balancing the budget. here's our plan for entitlement reform, which is necessary if you want to save medicare from bankruptcy and get this debt under control. >> as for 2016, ryan says it's premature to say if he will run for president. >>> several miles of the mississippi river closed this morning after two tank barges loaded with crude oil hit a railroad bridge. happened near the town of vicksburg, about 45 miles west of the jackson. one tank with 80,000 gallons of crude oil zastarted leaking. the coast guard stopped the leak. they're trying to figure out how many gallons spilled into the river. >>> icy conditions causing trouble for drivers. some are hitting slick spots and losing control. the wintry weather already blamed for several accidents. >>> gatorade no longer using an ingredient patented as a flame retardant in it
he said why the gop controlled house decided to buy time on the debt ceiling debate. >> they haven't put out a plan. the reason why we wanted to get the debt limit extended is so we can showcase our budgets. here's our plan for economic rule. here's our plan for balancing the budget. here's our plan for entitlement reform, which is necessary if you want to save medicare from bankruptcy and get this debt under control. >> as for 2016, ryan says it's premature to say if he will run...
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Jan 9, 2013
01/13
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he was a key player during the 2011 debt ceiling talks that almost shut down the government. going to have his work cut out for him. democrats and republicans on capitol hill gear up for that battle over extending the debt ceiling with the global embarrassment that serves as economic policy debate in washington these days. i have a hunch tim gheit neeith won't miss taking part in another one of those showdowns. >>> aig made the right decision, the decision not to join a crabby shareholder lawsuit against the u.s. government. probably heard by now about the lawsuit, led by former aig ceo maurice hank greenberg. it claims the terms of the $182 billion government bailout which saved the company possibly planet earth as well from financial meltdown were too harsh. the lawsuit was looking for $25 billion. pretty outrageous. but the board did have a responsibility to take a look at the lawsuit and decide whether or not to join it. the company's board met today and made the right decision. the case will go forward, however. aig won't be a party to it. the government has divested its
he was a key player during the 2011 debt ceiling talks that almost shut down the government. going to have his work cut out for him. democrats and republicans on capitol hill gear up for that battle over extending the debt ceiling with the global embarrassment that serves as economic policy debate in washington these days. i have a hunch tim gheit neeith won't miss taking part in another one of those showdowns. >>> aig made the right decision, the decision not to join a crabby...